Based on the provided chart data for HOOD, the latest data point for the EV/Sales ratio in Q1'26 is 45.20. This represents a slight decline compared to the preceding quarter and is significantly lower than the peak levels observed during the middle of the 2025 fiscal year. The EV/Sales ratio has experienced substantial volatility from Q2'23 to Q1'26, characterized by an initial period of relative stability followed by a dramatic surge starting in Q4'24. After reaching an all-time high of approximately 79.67 in Q3'25, the valuation multiple underwent a sharp correction in Q4'25, effectively halving its value before stabilizing in the mid-40s range. Overall, the trend reflects a period of aggressive valuation expansion followed by a recent significant contraction and subsequent stabilization.